• Operating profit margin contracted by 440 bps to 30.4% as all cost head barring spares and other expenses witness sharp rise. The staff cost as proportion to sales was up by 760 bps to 23.6%. Similarly the Repairs & maintenance cost was up by 540 bps (to 5.4%) and that of fuel & lubricant cost was up by 60 bps (to 30.4%). Though spares and OE was lower by 300 bps (to 9.1%) and 630 bps (to 1%) respectively that could not fully offset the rise in other cost heads.
• Other income was lower by 44% to Rs 2.40 crore. The interest cost was up by 2% to Rs 4.86 crore. The depreciation was up by 1% to Rs 23.90 crore. Thus the de-growth at PBT was 35% to Rs 27.45 crore.
• EO for the quarter was an income of Rs 11.10 crore as against nil in corresponding previous period. CESTAT – Kolkata dismissed the stay petition filed by the department in favour of the company in respect of the refund of customs duty in respect of Dr Aquarius. In view of this an amount of Rs 11.10 crore is considered as an EO income in P&L account and reduced the residual value by Rs 22.66 lakhs. Thus gained by higher TO income, the degrowth at PBT after EO moderated. The PBT after EO was 9% to Rs 38.55 crore. Aided further by lower taxation (down 53% to Rs 0.85 crore) the PAT was eventually lower by 7% to Rs 37.70 crore.

Yearly performance

Standalone sales were lower by 9% to Rs 665.86 crore. But with operating margin expand by 40 bps the operating profit stood higher by 4% to Rs 180.07 crore. After accounting for higher other income, lower interest and higher depreciation the PBT was up by 12% to Rs 71.80 crore. EO for the quarter was an income of Rs 11.10 crore, a jump of 874%. Thus gained the PBT (after EO) was up by 27% to Rs 82.90 crore. Taxation in absolute term was higher by 9% to Rs 3.23 crore. Thus the PAT was up by 28% to Rs 79.67 crore.

Subject to share holders approval in their meeting, to pay a dividend of Rs 3 per equity share of Rs 10 face value for FY2015-16.